What will happen to the Dia supermarket chain following the announcement that it has filed for judicial reorganization?
The decision comes after the chain announced the closure of 343 supermarkets and three distribution centers in the country. The expected turnover for 2024 should be 2.5 billion, a considerable reduction compared to the R$3.9 billion of the previous year.
In an interview with Money Times, Leonardo Ribeiro Dias, head of our Litigation, Arbitration and Insolvency practice, analyzed Dia’s RJ request.
For Leonardo, it’s too early to talk about the chain going bankrupt. However, if it wants to succeed, the company will have to review its business structure and take measures to ensure its operational efficiency and its continued competitiveness and profitability in the market.
Click here to read the full article!
